Credits and incentives available to retirement plan sponsors
Employers with less than 100 employees who have recently adopted or are considering a retirement plan have a tax savings opportunity.
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Fiscal year 2025 budget proposal contains items affecting exempt organizations
Biden administration's budget proposal includes items affecting donor advised funds and private foundations.
The IRS urges businesses to review ERC claims for 7 common red flags
IRS urges employers to review ERC claims before the Voluntary Disclosure Program deadline of March 22, 2024. The agency warns of 7 common signs that their claims may be incorrect.
Bad debt tax deduction method proposed for financial institutions
Banks and insurance companies would see a simplification of their tax reporting of credit losses under proposed regulations.
Remote workforces are complicating state tax nexus and withholding
As businesses increase the use of remote workforces, nexus and withholding determinations can greatly complicate state tax compliance.
Compensation and benefits planning can help you navigate an aging workforce
Considerations for structuring compensation and benefit plans that help companies minimize the costs and risks of retiring workers.
IRS announces details for ERC Voluntary Disclosure program
IRS provides VD Program for employers to return ERC refunds and avoid penalties and interest. Employers must apply by March 22, 2024.
IRS issues guidance on the transfer of clean vehicle credits
The IRS and the Treasury Department have released guidance on how buyers can transfer clean vehicle credits to dealers at the time of purchase.
Are ESOPs a good fit for business and professional services (BPS) companies?
ESOPs can be advantageous to BPS companies, but their success ultimately depends on several key factors - culture, messaging and ownership goals.
Exempt organization inflation adjusted items for 2024
Rev. Proc. 2023-34 provides annual inflation adjustments for tax year 2024, including those relevant to exempt organizations.
Supreme Court tax case could have outsized ramifications on income taxation
The Supreme Court's ruling in Moore v. United States could reshape Congress' authorization to tax income.
IRS releases 2024 retirement plan limitations
Cost-of-living adjustments to retirement plan limits for 2024 have been issued by the IRS in Notice 2023-75.
IRS updates e-signature policy and releases online accounts for sole proprietors
The IRS makes permanent e-signature guidance generated in response to COVID pandemic and launches online business tax account for sole proprietors
IRS announces ERC Withdrawal Program
IRS announces simplified method for employers who have not yet received ERC refunds to withdraw claims that they now believe are ineligible.
IRS releases initial rules for expenditures under section 174
IRS issues Notice 2023-63 outlining how taxpayers should treat their research and development expenditures under section 174.
IRS updates guidance on environmental justice solar and wind capacity limitation
Treasury and the IRS have released final regulations and a revenue procedure providing guidance on program under section 48(e).